Cherry Tree Wealth Management LLC Acquires 3,876 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Cherry Tree Wealth Management LLC lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,346 shares of the company’s stock after buying an additional 3,876 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 0.9% of Cherry Tree Wealth Management LLC’s holdings, making the stock its 28th biggest holding. Cherry Tree Wealth Management LLC owned 0.07% of Avantis Emerging Markets Equity ETF worth $3,672,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tandem Wealth Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth about $25,000. TD Capital Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in Avantis Emerging Markets Equity ETF during the 1st quarter valued at approximately $28,000. Principal Securities Inc. purchased a new position in Avantis Emerging Markets Equity ETF during the fourth quarter valued at $31,000. Finally, Westside Investment Management Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 740.0% in the fourth quarter. Westside Investment Management Inc. now owns 840 shares of the company’s stock worth $47,000 after acquiring an additional 740 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.5 %

Shares of NYSEARCA AVEM traded up $0.29 during trading on Friday, reaching $62.52. The company had a trading volume of 219,469 shares, compared to its average volume of 336,603. Avantis Emerging Markets Equity ETF has a 12-month low of $50.65 and a 12-month high of $62.57. The business’s 50-day moving average is $61.04 and its 200 day moving average is $58.09. The stock has a market cap of $5.60 billion, a PE ratio of 9.91 and a beta of 0.88.

About Avantis Emerging Markets Equity ETF

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation.